5920 Benner Street

Los Angeles, CA 90042

$1,420,000
Last Sold Price
8
Beds
4
Baths
3,224 Sq. Ft.
$440 / Sq. Ft.
3,224
Sq. Ft.
$440
per Sq. Ft.

Description

Rare opportunity to buy a turnkey 4plex in hip Highland Park that cash flows! 5.57% CAP Rate and 13.97 GRM on Current Rents! All apartments function as 2 bedroom and 1 bathroom and are fully remodeled inside with modern finishes such as trendy black hardware, butcher block countertops, white cabinets in kitchens and bathrooms, unique light fixtures, recessed lighting in living rooms, laminate wood flooring, and much more. The spacious units average 806 SF each per title. Two units have bonus rooms...Rare opportunity to buy a turnkey 4plex in hip Highland Park that cash flows! 5.57% CAP Rate and 13.97 GRM on Current Rents! All apartments function as 2 bedroom and 1 bathroom and are fully remodeled inside with modern finishes such as trendy black hardware, butcher block countertops, white cabinets in kitchens and bathrooms, unique light fixtures, recessed lighting in living rooms, laminate wood flooring, and much more. The spacious units average 806 SF each per title. Two units have bonus rooms that would be a perfect office, making this highly conducive to tenants who work from home. Great tenants, well managed, and rents average $2,166/month per unit, making this an excellent investment in a stellar location. All units have only 1 or 2 tenants each, there are no long term tenants, and these units generally turn over every few years. The property is easy to manage, has low expenses, partial copper plumbing, and a good roof. There is a front yard area with communal lounge furniture, garden plots and BBQ grill where tenants can keep plants, hang out, and feel at home. The property is located just south of Figueroa on a quiet street near the 110 Freeway. It is walkable to all the hotspots on Figueroa, as well as nearby parks, the Metro Gold Line, and so much more. The median single family home price in Highland Park is now $1,138,000, making this an extremely high barrier to entry area and extremely popular among high earning renters.
  1. Listed by Dana Coronado • DRE #01746702 • Brokerage DRE #01342342 • Equity Union
  2. Listed by Charlie Coronado • DRE #01723306 • Brokerage DRE #01342342 • Equity Union

Property Details for 5920 Benner Street

Water Front
None
Zoning
LARD1.5
Accessibility Features
None
Parcel Number
5492019006
Total Units
4.0
Living Area
3224
Source Living Area
Vendor Enhanced
Area
Highland Park (632)

Location

Listing Courtesy of Equity Union, Dana Coronado, DRE #01746702; Equity Union, Charlie Coronado, DRE #01723306

Sold By Roni Raczkowski Real Estate, Roni Raczkowski, DRE #01119609

Add your commute
LISTING UPDATED: 03/29/2024 09:28 AM

Property Details for 5920 Benner Street

StatusSold
MLS #24-358619
Days on Market13
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
Lot Size0.13 AC / 5,601 SF
CountyLos Angeles County

Location

Listing Courtesy of Equity Union, Dana Coronado, DRE #01746702; Equity Union, Charlie Coronado, DRE #01723306

Sold By Roni Raczkowski Real Estate, Roni Raczkowski, DRE #01119609

Add your commute

Building Information for 5920 Benner Street

Stories2Residences-Year Built1948Building Size-Lot Size0.13 AC / 5,601 SF

Payment Calculator

$8,851 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,750

Property Taxes

$1,101

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5920 Benner Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 2Brs
  • View: No
  • View Description: None
  • View: None
  • Security Features: Smoke Detector, Carbon Monoxide Detector(s)
  • Property Condition: Updated/Remodeled
  • Water Heaters: Yes
  • ADA Compliance: No
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan
  • Disclosures: Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $104,009
  • Net Operating Income: $80,725.00
  • Gross Income: $104,009
  • Cap Rate: 5.57%
  • Gross Rent Multiplier: $13.94
  • Actual Gross Annual Income: $104,009
  • Vacancy Allow Dollar: $.00
  • Vacancy Allow Percent: .00%
  • Owner Pays: Water
  • Total Annual Expense: 23284
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: No
  • Lot Acreage: 0.1286
  • Lot Size Square Feet: 5601
Parking Details
Parking Details
  • Parking Garage: Tandem, Uncovered
  • Total Parking: 8
  • Parking Features: Tandem Garage, Uncovered
Interior Features
Interior Features
  • Room Type: Office
  • Rooms: Office
  • Levels: Two
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window, Ceiling Fan
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Laminate
  • Equipment: Ceiling Fan, Garbage Disposal, Microwave, Range/Oven, Recirculated Exhaust Fan, Refrigerator
  • Interior Features: Turnkey
  • Room Kitchen Features: Kitchen Open to Family Room, Remodeled Kitchen
  • Kitchen Features: Open to Family Room, Remodeled
  • Room Bathroom Features: Low Flow Toilet(s), Low Flow Shower, Remodeled, Tile Counters
  • Bathroom Features: Low Flow Toilet(s), Low Flow Shower(s), Remodeled, Shower Over Tub, Tile
  • Cooking Appliances: Microwave, Oven-Gas
  • Laundry: None
  • Disability Access: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Composition, Shingle
  • Patio Features: None
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Foundation Details: Raised
  • Other Structural Features: Partial Copper Plumbing
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 02-15-2024
  • Listing Terms: Standard Sale
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity, Trash Collection
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,088.30
  • Unit Actual Rent: $2,088.30
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,879.10
  • Unit Actual Rent: $1,879.10
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,350.00
  • Unit Actual Rent: $2,350.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,350.00
  • Unit Actual Rent: $2,350.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109

Property History for 5920 Benner Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5920 Benner Street

Taxable ValueLand$741,819Additions$317,921Total$1,059,740
Tax Record2023$13,214 ($1,101 / month)
Home Facts
Total Finished SqFt3,224 SqFtAbove Grade Finished SqFt3,224 SqFtLot Size5,601 SqFtStyleQuadraplexYear Built1948ZoningLARD1.5CountyLOS ANGELESAPN5492-019-006

Schools near 5920 Benner Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 12
Charter - 9 to 12
Public - 6 to 8
Rating
School
Distance
Bushnell Way Elementary School
PublicK to 5

Benjamin Franklin Senior High School
Public6 to 12

Los Angeles International School
Charter9 to 12

Luther Burbank Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Equity Union, Dana Coronado, DRE #01746702; Equity Union, Charlie Coronado, DRE #01723306

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.